One Day Vision Opportunity

We own a decent stake in ophthalmology business Vision Eye Institute (VEI) and have spent the past week working on a capital raising to fix the company’s balance sheet once and for all. For the most part, we’ve been working to stop broker Bell Potter from stitching us up (only partly successfully, unfortunately). But that’s all by the bye. There’s an interesting opportunity on offer, potentially for today only. The company is undertaking a 2 for 3 rights issue which, in conjunction with a $4.5m placement, will raise about $27m. The deal was announced yesterday and the shares trade...

We own a decent stake in ophthalmology business Vision Eye Institute (VEI) and have spent the past week working on a capital raising to fix the company’s balance sheet once and for all. For the most part, we’ve been working to stop broker Bell Potter from stitching us up (only partly successfully, unfortunately). But that’s all by the bye.

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